Antimony Resources Corp. (ATMY) (ATMYF) (K8J0) Announces Work on Maiden Mineral Resource Estimate - Hires SRK Consultants
MWN-AI** Summary
Antimony Resources Corp. (CSE: ATMY) (OTCQB: ATMYF) (FSE: K8J0) has announced progress toward establishing a Maiden Mineral Resource Estimate (MRE) for its Bald Hill Antimony Deposit located in New Brunswick, Canada. The initiative involves a planned 10,000-meter definition drilling program aimed at gathering detailed geological data to estimate the mineral resource accurately, with the target spacing between drill holes being approximately 50 meters within the identified mineralized zone.
Currently, the company has three drilling rigs operational on-site, having already completed around 5,000 meters of the drilling program, which is expected to conclude by the end of April 2026. Final assay results from the new drill samples are anticipated approximately three to four weeks post-drilling completion. This detailed effort is expected to instill greater confidence in the continuity of mineralization, fostering a more accurate resource estimate.
To enhance the efficacy of this endeavor, Antimony Resources has contracted SRK Consultants from Toronto. SRK brings considerable expertise in mineral resource estimation, having previously conducted a resource calculation on a similar antimony deposit, the Beaverbrook Deposit in Newfoundland. This partnership aims to leverage SRK's experience to ensure the MRE's accuracy and reliability.
In tandem with the drilling efforts, the company is developing a comprehensive 3-D model of the mineralization, updating it with each new data point collected. This model is critical for refining the drilling targets and assisting in the MRE process.
The Bald Hill project is characterized by its high-grade deposits, potential district-scale significance, and the identification of multiple stibnite occurrences, showcasing Antimony Resources' commitment to becoming a prominent North American antimony producer.
MWN-AI** Analysis
Antimony Resources Corp. (CSE: ATMY) (OTCQB: ATMYF) (FSE: K8J0) has recently made notable strides forward with its Bald Hill Antimony Deposit project in New Brunswick. The announcement of engaging SRK Consultants to assist in the Maiden Mineral Resource Estimate signals a strategic move towards establishing a robust foundation for future operations.
A key highlight of the ongoing activities is the extensive 10,000-meter definition drilling program, which aims for a 50-meter spacing between drill intersections in the mineralized zone. This drilling is expected to give SRK Consultants sufficient data to assess the continuity and viability of the resource effectively. With approximately 5,000 meters already completed, stakeholders can anticipate more concrete results by late April, which may catalyze share price movement as market sentiment reacts to potential confirmations of resources.
The Bald Hill project boasts substantial potential, with a reported 2.7 million tonnes estimated at 3% to 4% antimony, with further exploration possibly expanding this figure. The identification of additional stibnite occurrences further enhances the project's value proposition. Analysts should keep a watchful eye on the company's upcoming assay results and any new findings from ongoing explorations.
Investors should weigh the inherent risks, particularly the speculative nature of mineral exploration and the uncertain timeline for resource deductions. However, given the project's district-scale potential and ATMY's focused strategy, the stock could serve as an opportunity for long-term gains, especially if the drilling results corroborate prior estimates.
In summary, Antimony Resources Corporation is progressing thoughtfully with its endeavors, and investor interest may rise sharply as tangible results materialize. A position in ATMY could be considered, provided that investors are prepared for the inherent risks associated with exploration-stage companies.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Vancouver, British Columbia--(Newsfile Corp. - March 17, 2026) - Antimony Resources Corp. (CSE: ATMY) (OTCQB: ATMYF) (FSE: K8J0) (the "Company" or "Antimony Resources" or "ATMY") is pleased to announce it is taking significant steps towards the determination of a Maiden Mineral Resource Estimate ("MRE") for the Bald Hill Antimony Deposit in New Brunswick, Canada.
The first step is to complete a 10,000-meter program of definition drilling on the Main Zone. The aim is to have detailed drill density sufficient to estimate the mineral resource. The goal is approximately 50 meters spacing between drill intersections in the mineralized zone. It is thought that this will be sufficiently detailed to give Consulting Resource Geologists confidence in the continuity of the mineralization for the MRE.
There are three drills working onsite at present to complete this task and approximately 5,000 meters of drilling have been completed. The remaining definition drilling program is expected to be completed by the end of April. Final assays of mineralized samples from the definition drilling are expected to be received 3 to 4 weeks after the end of the drilling.
The proposed drilling is shown in Figure 1.
Figure 1: Detailed Drill Layout for Definition Drilling.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8411/288800_9c6616d8342009ca_002full.jpg
The second step is to hire knowledgeable and qualified consultants. ATMY has contracted SRK Consultants of Toronto to assist and advise on this process and to complete the MRE. SRK has Qualified Persons with experience in Mineral Resource Estimation for similar antimony deposits, having recently completed a resource calculation and audit on the former producing Beaverbrook Deposit in Newfoundland, a similar antimony deposit. SRK Consultants work with Mining & Exploration, Government & Financial Institutions, provide engineering and construction and develop innovative, practical solutions through the full mining lifecycle. They are impartial and independent of ATMY.
The third and concomitant step is to develop a 3-D model of mineralization. This will be an on-going effort with each new intersection of mineralization added to the database so the model can be updated regularly. The purpose of the model will be to assist in the determination of the MRE and to aid in the development of drill targets during the definition drilling. The 3-D model is being developed using the model initiated previously by Orix. Using the model the ATMY geology staff can better focus the drilling in areas where data is needed. Figure 2 is a longitudinal section of the mineralized zone from the model shown below:
Figure 2: Long Section Model of Mineralization as of March 13, 2026.
Note: Definition Drilling will be concentrated in the area outlined in the Main Zone
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8411/288800_9c6616d8342009ca_003full.jpg
Mr. Jim Atkinson, P. GEO., CEO of Antimony Resources commented: "We are very pleased to be able to contract with SRK for the development of a Mineral Resource. Their advice and expertise will be invaluable as we proceed toward this significant step in the development of the Bald Hill Antimony Deposit. We are excited as well to complete the remaining meters of drilling for the Definition Phase of the program. Our Field crews and on-site staff have been successful in identifying new area of antimony-bearing stibnite. Our 2026 exploration program will further explore these areas."
About Bald Hill Antimony Project
Highlights
- Bald Hill is a well-known, high-grade antimony deposit in southern New Brunswick, Canada.
- This is a Property with District-Scale Potential. Antimony Resources is not just exploring a single deposit.
- Drilling has outlined an antimony deposit in the Main Zone over 700 meters long and to a depth of at least 350 meters
- Widths of mineralization average 3 to 4 meters and grades average 3% to 4% antimony.
- The Bald Hill property now covers more than 2,000 hectares, following the addition of new claims surrounding the original project. At least three additional occurrences of stibnite have been identified outside the Main Zone.
- NI-43-101 Technical Report: The estimated potential quantity and grade of the drilled area from the 2025 Technical Report, which is the target of our exploration, as reported in the Technical Report is approximately 2.7 million tonnes with a grade between 3% and 4% antimony1 . For more details on the Potential of the project as described by the author of the Technical Report please consult the NI43-101 which has been filed on SEDAR. Antimony Resources Corp. has not completed enough work to confirm this estimate. The potential quantity and grade are conceptual in nature as there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
- Potential to expand based on recently discovered targets and additional claims added to the property to the west, south and east.
(1) NATIONAL INSTRUMENT 43-101 TECHNICAL REPORT: BALD HILL ANTIMONY PROJECT SOUTHERN NEW BRUNSWICK, CANADA NTS 21G/09 Prepared for Antimony Resources March 2, 2026. Prepared By John Langton, M.Sc., P. GEO., - JPL GeoServices, Fredericton, New Brunswick, Canada.
The technical contents of this news release were reviewed and approved by Jim Atkinson, MSc., P. Geo., President and CEO of Antimony Resources Corp. who is a qualified person as defined by National Instrument 43-101.
About Antimony Resources Corp. (CSE: ATMY) (OTCQB: ATMYF) (FSE: K8J0)
Antimony Resources Corp. is an exploration and development company focused exclusively on Antimony. The Company's management team possesses extensive experience in financing, exploration, development and mining. The Company is focused on becoming a significant North American producer of antimony.
On Behalf of the Board of Directors
Jim Atkinson, CEO and President
For further information please contact:
Anthony Simone, President, Simone Capital Inc.
416-881-5154, asimone@simonecapital.ca
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288800
FAQ**
How might the ongoing drilling at the Bald Hill Antimony Deposit impact the overall confidence of Antimony Resources Corp. (CSE: ATMY) in the continuity of mineralization, particularly regarding the upcoming Mineral Resource Estimate (MRE)?
What potential challenges could Antimony Resources Corp. (CSE: ATMY) face in meeting its timeline for completing the 10,000-meter definition drilling program and the subsequent MRE, especially considering the complexities of geological modeling?
Considering the previous production at the Beaverbrook Deposit, how important is SRK Consultants' expertise for Antimony Resources Corp. (CSE: ATMY) as they aim to establish a credible MRE for the Bald Hill Antimony Deposit?
How does the potential expansion of the Bald Hill property, with new claims and discovered targets, influence the long-term strategy and economic outlook for Antimony Resources Corp. (CSE: ATMY)?
**MWN-AI FAQ is based on asking OpenAI questions about Antimony Resources Corp. (OTC: ATMYF).
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